The sales prediction technique based on the correlation between sales and other factors─such as population density,per capita income,or family size─i
A)executive judgment.
B)time series analysis.
C)regression analysis.
D)a market test.
E)an expert survey.

Question

Quizplus · Accepted Answer

The given sales prediction technique is based on the correlation between sales and other factors, which is the main focus of regression analysis. Executive judgment relies on the intuition and experience of executives and managers, time series analysis uses historical sales data to forecast future sales, a market test involves launching a product in a selected area to gather information about customer reactions, and an expert survey relies on the opinions of industry experts.

The Sales Prediction Technique Based on the Correlation Between Sales